The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parasmal Kanungo
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.5 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Parasmal Kanungo disclosed acquisition of 2,42,42,424 equity shares (12.47%) of Baroda Extrusion Ltd through conversion of a loan into equity via preferential allotment on 28-08-2025. His holding rose from 70,49,901 shares (4.73%) to 3,12,92,325 shares (16.10%). The company's total share capital expanded from 14,90,49,000 to 19,43,82,316 equity shares of Re.1 each as a result. No encumbrance, warrants, or other instruments are involved — this is a direct equity infusion by converting existing debt owed to the promoter.
Positive signal for shareholders — the promoter is deepening his commitment by converting debt into equity, strengthening his skin-in-the-game. However, dilution of existing shareholders is notable (share count rose ~30%), and the promoter's 16.10% stake remains well below the 50% promoter threshold, meaning the stock is not tightly controlled by a majority holder.